4928 Oleander Drive
Wilmington, NC 28403

Description

Income producing property located near midtown. The property has 3 single family structures that are currently 100% occupied. The front house is a 3 bedroom-2 bathroom, 2nd home is a 1 bedroom- 1 bathroom. and the 3rd home is a 1 bedroom-1 bathroom. The lot is .63 of an acre (27,443 SF) in size. Has plenty of off street parking of tenants. Property is located in the Residential Office District. The zoning allows for the conversion of the existing single-family homes to office or other low-intensity uses. See zoning area for complete information on all use by right and other related potential uses. The property currently has an annual Gross income of $34,200. There is potential improvement in existing rent rates and lease income potential for an a more intense allowable u

Details

MLS#100175232
Sub-TypeResale
StatusActive
Year1940
Days On Site6

Features

SQ Feet1,833
Story(s)1
ZoningRO

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Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28403
AreaNew Hanover
Listing VS Median (in 28403)
Price:
$399,000
low | high
Med:
$299,000
75.062656641604% of Average
SqFt:
1,833
low | high
Med:
1,104
89.770867430442% of Average
$ / SqFt:
$218
low | high
Med:
$271
25.579573934837% of Average
On Site:
6
low | high
Med:
37
16.216216216216% of Average
Listing Updated: 07/18/2019
MLS Number: 100175232
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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